Reliance Capital to promote stake in Reliance Nippon

Reliance Capital to promote stake in Reliance Nippon

by admin- Monday, September 30th, 2019 04:49:46 PM

Reliance Group’s Reliance Capital has concluded transaction with Nippon Life Insurance Company of Japan to sell its stake in Reliance Nippon Life Asset Management Ltd

The enterprise has received proceeds of approx. Rs. Five,500 crore ($ 785 million) thru sale of its shareholding to Nippon Life Insurance Company and via gives on the market.

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